Mining News Agency https://www.miningnews.ir US awards record $6bn to back industrial emissions reduction projects https://www.miningnews.ir/En/News/628177/US-awards-record-6bn-to-back-industrial-emissions-reduction-projects The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost US competitiveness. fa-IR 2024/03/26 22:16:26 Banks shying away from fossil fuels bolster private credit deals https://www.miningnews.ir/En/News/628176/Banks-shying-away-from-fossil-fuels-bolster-private-credit-deals Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk. fa-IR 2024/03/26 22:15:01 Ferrexpo hit with corporate rights restrictions for Ukraine subsidiaries https://www.miningnews.ir/En/News/628175/Ferrexpo-hit-with-corporate-rights-restrictions-for-Ukraine-subsidiaries Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related corporate rights of the company’s subsidiaries in Ukraine. fa-IR 2024/03/26 22:13:13 Several people killed in accident at abandoned Liberia gold mine https://www.miningnews.ir/En/News/628174/Several-people-killed-in-accident-at-abandoned-Liberia-gold-mine Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines minister said on Tuesday. fa-IR 2024/03/26 22:11:39 Canada watchdog says abuse likely occurred at a Dynasty Gold mine in China https://www.miningnews.ir/En/News/628173/Canada-watchdog-says-abuse-likely-occurred-at-a-Dynasty-Gold-mine-in-China Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in China operated by Vancouver-based firm Dynasty Gold. fa-IR 2024/03/26 22:10:17 Chinese miners eye overseas deals after battery metals slump https://www.miningnews.ir/En/News/628172/Chinese-miners-eye-overseas-deals-after-battery-metals-slump Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them lower. Now, with many Western rivals cutting output or shutting down entirely, they want to get even bigger. fa-IR 2024/03/26 22:08:59 Commodities will rally when the Fed cuts rates, Invesco says https://www.miningnews.ir/En/News/628171/Commodities-will-rally-when-the-Fed-cuts-rates-Invesco-says Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the coming months, according to Invesco Ltd. fa-IR 2024/03/26 22:05:33 Northvolt starts battery plant work in win for Europe’s industry https://www.miningnews.ir/En/News/628170/Northvolt-starts-battery-plant-work-in-win-for-Europe’s-industry Northvolt AB is starting construction of a €5 billion ($5.4 billion) battery plant in northern Germany to supply electric cars, capping an intense lobbying effort under newly relaxed European Union state aid rules. fa-IR 2024/03/26 22:04:16 Indonesia’s Antam to start building new nickel smelter, HPAL plant in 2025 https://www.miningnews.ir/En/News/628169/Indonesia’s-Antam-to-start-building-new-nickel-smelter-HPAL-plant-in-2025 Indonesian state-controlled miner Aneka Tambang (Antam) aims to launch the construction of two nickel processing facilities next year under its partnership with China’s Ningbo Contemporary Brunp Lygend Ltd (CBL). fa-IR 2024/03/26 22:01:28 Cocoa is more expensive than copper as it tops $9,000 https://www.miningnews.ir/En/News/628168/Cocoa-is-more-expensive-than-copper-as-it-tops-9000 Cocoa extended its surge — gaining more than $700 per ton in a single day and surpassing $9,000 for the first time ever — as a supply crunch grips the market and chocolate makers grapple for beans. fa-IR 2024/03/25 21:59:50 Ivanhoe Electric earns into 60% of nickel-copper project in Côte d’Ivoire https://www.miningnews.ir/En/News/628167/Ivanhoe-Electric-earns-into-60-of-nickel-copper-project-in-Côte-d’Ivoire Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after satisfying the expenditure requirements outlined in an agreement from three years ago. fa-IR 2024/03/25 21:58:04 Iron ore price edges higher on hopes of China’s demand recovery https://www.miningnews.ir/En/News/628166/Iron-ore-price-edges-higher-on-hopes-of-China’s-demand-recovery Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market. fa-IR 2024/03/25 21:56:17 Aluminum price firms to 11-week high on Yunnan doubts, firm technicals https://www.miningnews.ir/En/News/628165/Aluminum-price-firms-to-11-week-high-on-Yunnan-doubts-firm-technicals Aluminum prices touched an 11-week high on Monday over concerns over slow recovery in production in China’s Yunnan province and supported by a strong technical outlook. fa-IR 2024/03/25 21:54:33 China’s younger steel industry slows net zero path, BHP CEO says https://www.miningnews.ir/En/News/628164/China’s-younger-steel-industry-slows-net-zero-path-BHP-CEO-says China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a different path to reach government-mandated decarbonization goals, according to BHP Group Ltd.’s chief executive officer Mike Henry. fa-IR 2024/03/25 21:52:35 Awalé Resources stock soars on 45.7 g/t gold find https://www.miningnews.ir/En/News/628163/Awalé-Resources-stock-soars-on-457-gt-gold-find Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay results of 45.7 grams per tonne gold over 32 metres from drilling on the Odienné project in Côte d’Ivoire. fa-IR 2024/03/25 21:50:43 Iron ore hit by fresh selling as traders fret over China demand https://www.miningnews.ir/En/News/628162/Iron-ore-hit-by-fresh-selling-as-traders-fret-over-China-demand Iron ore futures tumbled in Singapore, extending a stretch of volatile trading amid deepening anxiety over Chinese demand. Base metals also fell. fa-IR 2024/03/25 21:47:28 Macron looks to regulate illegal gold mining in French Guiana https://www.miningnews.ir/En/News/628161/Macron-looks-to-regulate-illegal-gold-mining-in-French-Guiana French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones in its South American territory of French Guiana to combat illegal mining and its environmental consequences. fa-IR 2024/03/25 21:43:04 Iron ore price set for weekly gain on prospects of improving China demand https://www.miningnews.ir/En/News/628160/Iron-ore-price-set-for-weekly-gain-on-prospects-of-improving-China-demand Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top consumer China amid signs of improving steel consumption. fa-IR 2024/03/25 03:35:32 Criminals’ attempt to kidnap Peruvian miners quashed https://www.miningnews.ir/En/News/628159/Criminals’-attempt-to-kidnap-Peruvian-miners-quashed The Pataz Unified Command, whose members hail from the National Armed Forces and the National Police, detained three men in their mid-to-late twenties, who attempted to kidnap a group of miners in the La Libertad region, northwestern Peru. fa-IR 2024/03/25 03:32:45 Congo overtakes Peru on copper output, still behind on exports https://www.miningnews.ir/En/News/628158/Congo-overtakes-Peru-on-copper-output-still-behind-on-exports The Democratic Republic of the Congo overtook Peru as the world’s second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations show. fa-IR 2024/03/25 03:30:32 Newmont’s Akyem gold mine in Ghana draws Chinese interest https://www.miningnews.ir/En/News/628157/Newmont’s-Akyem-gold-mine-in-Ghana-draws-Chinese-interest Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with knowledge of the matter said. fa-IR 2024/03/25 03:26:31 Africa to play ‘huge role’ in US critical mineral strategy, says Treasury’s No. 2 https://www.miningnews.ir/En/News/628156/Africa-to-play-‘huge-role’-in-US-critical-mineral-strategy-says-Treasury’s-No-2 The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia’s influence over the market for other minerals, US Deputy Treasury Secretary Wally Adeyemo said on Thursday. fa-IR 2024/03/14 22:44:33 Congo, Chinese partners sign reviewed Sicomines copper-cobalt joint venture agreement https://www.miningnews.ir/En/News/628155/Congo-Chinese-partners-sign-reviewed-Sicomines-copper-cobalt-joint-venture-agreement Democratic Republic of Congo and Chinese investors on Thursday signed an agreement reached in January that revises some terms of their Sicomines copper and cobalt joint venture, Congo’s Infrastructure Minister Alexis Gisaro Muvunyi said on Thursday. fa-IR 2024/03/14 22:43:32 Cliffs CEO weighs lowball bid for US Steel with union backing https://www.miningnews.ir/En/News/628154/Cliffs-CEO-weighs-lowball-bid-for-US-Steel-with-union-backing Cleveland-Cliffs Inc. chief executive officer Lourenco Goncalves said he’d consider another bid — with union support — for United States Steel Corp., albeit at a significantly lower price than the existing offer from Nippon Steel Corp. fa-IR 2024/03/14 22:41:38 Albemarle to auction lithium as part of push for price transparency https://www.miningnews.ir/En/News/628153/Albemarle-to-auction-lithium-as-part-of-push-for-price-transparency Albemarle, the world’s largest producer of lithium for electric vehicle batteries, said on Wednesday that it will hold several auctions to sell supplies of the metal as part of a push to boost market transparency. fa-IR 2024/03/14 22:39:03 Australia earmarks $550m for Arafura rare earths project https://www.miningnews.ir/En/News/628152/Australia-earmarks-550m-for-Arafura-rare-earths-project Australia will provide up to A$840 million ($550 million) for the first combined rare earths mine and refinery in the country’s Northern Territory, owned by Arafura Rare Earths, Prime Minister Anthony Albanese said on Thursday. fa-IR 2024/03/14 22:37:23 Exxaro still keen on copper after Botswana setback https://www.miningnews.ir/En/News/628151/Exxaro-still-keen-on-copper-after-Botswana-setback South African coal miner Exxaro Resources is considering potential deals to acquire copper and manganese assets as part of its diversification strategy, chief executive Nombasa Tsengwa said on Thursday. fa-IR 2024/03/14 22:33:52 Russian diamond ban creates costly delays, Antwerp diamond dealers say https://www.miningnews.ir/En/News/628150/Russian-diamond-ban-creates-costly-delays-Antwerp-diamond-dealers-say Antwerp’s diamond dealers face long and costly delays following an EU ban on Russian-origin diamonds that took effect on March 1 and has slowed imports, they say in a letter seen by Reuters. fa-IR 2024/03/14 22:31:11 Polish court allows Turow coal mine to stay open for now https://www.miningnews.ir/En/News/628149/Polish-court-allows-Turow-coal-mine-to-stay-open-for-now A Polish coal mine near the Czech border will be able to continue operating for now, the state news agency PAP reported on Wednesday, following the latest in a series of contradictory court rulings. fa-IR 2024/03/13 22:27:48 Guinea junta names new mines minister https://www.miningnews.ir/En/News/628148/Guinea-junta-names-new-mines-minister Guinea’s junta named a new mines minister on Wednesday, state television said, citing a decree that showed the role was given to Bouna Sylla, former head of the state company that managed infrastructure projects on the giant Simandou iron ore project. fa-IR 2024/03/13 22:26:45 Vista Gold updates Mt Todd feasibility, showing higher NPV https://www.miningnews.ir/En/News/628147/Vista-Gold-updates-Mt-Todd-feasibility-showing-higher-NPV Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to reflect the changes in project economics as well as long-term outlook on gold prices and USD/AUD exchange rates and the company’s new royalty deal. fa-IR 2024/03/13 22:24:23 Activist Tribeca asks Glencore to move main listing to Sydney https://www.miningnews.ir/En/News/628146/Activist-Tribeca-asks-Glencore-to-move-main-listing-to-Sydney Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday. fa-IR 2024/03/13 22:23:06 Copper price soars to 7-month high on China’s plans to cut output https://www.miningnews.ir/En/News/628145/Copper-price-soars-to-7-month-high-on-China’s-plans-to-cut-output Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut. fa-IR 2024/03/13 22:20:21 US bill supporting seafloor mining lifts The Metals Company https://www.miningnews.ir/En/News/628144/US-bill-supporting-seafloor-mining-lifts-The-Metals-Company The Metals Company (Nasdaq: TMC) shares soared on Wednesday after Congresswoman Carol Miller (R-WV) and Congressman John Joyce (R-PA) introduced a Bill to increase US support for deep-sea mining. fa-IR 2024/03/13 22:17:36 Wyloo says industry will turn from LME without green nickel https://www.miningnews.ir/En/News/628143/Wyloo-says-industry-will-turn-from-LME-without-green-nickel Nickel miner Wyloo, owned by Australian mining magnate Andrew Forrest, said that if the London Metal Exchange (LME) doesn’t launch a green nickel contract, the industry will have to look for another trading venue. fa-IR 2024/03/13 22:15:16 China’s top copper smelters agree on rare joint production cuts https://www.miningnews.ir/En/News/628142/China’s-top-copper-smelters-agree-on-rare-joint-production-cuts Chinese top copper smelters on Wednesday came to a rare agreement to jointly embark on production cuts at some loss-making plants as they seek to cope with a shortage of raw material, according to sources with knowledge of the plans. fa-IR 2024/03/13 22:11:06 A golden reopening for Bellevue https://www.miningnews.ir/En/News/628141/A-golden-reopening-for-Bellevue Western Australian Mines and Petroleum Minister David Michael attended the formal opening of Bellevue Gold’s namesake mine yesterday. fa-IR 2024/03/12 21:24:06 Liontown secures millions for Kathleen Valley https://www.miningnews.ir/En/News/628140/Liontown-secures-millions-for-Kathleen-Valley Liontown Resources has entered into a $550 million debt facility agreement to fund the development of its Kathleen Valley lithium project in Western Australia. fa-IR 2024/03/12 21:22:55 Core Lithium CEO steps down following strategic review https://www.miningnews.ir/En/News/628139/Core-Lithium-CEO-steps-down-following-strategic-review Core Lithium produced 49,529 tonnes (t) of spodumene concentrate during the first half of the 2023–24 financial year (H1 FY24), amid the global lithium downturn and the resignation of its chief executive officer (CEO). fa-IR 2024/03/12 21:21:21 Gold output falls in Burkina Faso as terrorist attacks increase https://www.miningnews.ir/En/News/628138/Gold-output-falls-in-Burkina-Faso-as-terrorist-attacks-increase Gold production in Burkina Faso declined last year as deteriorating security conditions in the West African nation forced some mines to shut. fa-IR 2024/03/12 21:19:51 Gold price extends loss as US inflation data reinforces Fed caution https://www.miningnews.ir/En/News/628137/Gold-price-extends-loss-as-US-inflation-data-reinforces-Fed-caution Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in February, reinforcing the Fed’s cautious approach to cutting interest rates. fa-IR 2024/03/12 21:18:31 Teck Resources mulls British Columbia battery recycling plant https://www.miningnews.ir/En/News/628136/Teck-Resources-mulls-British-Columbia-battery-recycling-plant Copper and zinc miner Teck Resources is considering building a lithium-ion battery recycling facility in British Columbia, CEO Jonathan Price said on Tuesday. fa-IR 2024/03/12 21:17:00 Syrah Resources to raise $65m for Mozambique, US projects https://www.miningnews.ir/En/News/628135/Syrah-Resources-to-raise-65m-for-Mozambique-US-projects Australia’s Syrah Resources said on Wednesday it would raise A$98 million ($64.73 million) through a placement and an entitlement offer for funding its Balama graphite operations in Mozambique and its US-based Vidalia project. fa-IR 2024/03/12 21:15:55 Liontown Resources enters $363m debt facility for lithium project ramp-up https://www.miningnews.ir/En/News/628134/Liontown-Resources-enters-363m-debt-facility-for-lithium-project-ramp-up Australia’s Liontown Resources said on Wednesday it has entered a A$550 million ($363.2 million) debt facility for the planned ramp-up and expansion of its flagship Kathleen Valley lithium project in Western Australia. fa-IR 2024/03/12 21:13:06 Former Vale board member claims political influence in CEO succession https://www.miningnews.ir/En/News/628133/Former-Vale-board-member-claims-political-influence-in-CEO-succession A former board member for Brazilian miner Vale said his decision to step down on Monday came after the firm’s succession process was conducted in a “manipulated manner,” according to his resignation letter seen by Reuters on Tuesday. fa-IR 2024/03/11 21:12:01 Indonesia understates methane emissions from mining, report says https://www.miningnews.ir/En/News/628132/Indonesia-understates-methane-emissions-from-mining-report-says Methane emissions from Indonesia’s expanding coal mining sector are significantly underreported, jeopardizing the nation’s international climate commitments, according to new analysis from energy think tank Ember. fa-IR 2024/03/11 21:10:44 Precious metals may be replaced by iron, manganese, cobalt in “green” catalysts https://www.miningnews.ir/En/News/628131/Precious-metals-may-be-replaced-by-iron-manganese-cobalt-in-“green”-catalysts A researcher at the Leibniz Institute for Catalysis in Rostock has developed new methods for the synthesis of drug precursors using catalysts made of iron, manganese and cobalt. fa-IR 2024/03/11 21:09:10 Alcoa to buy Australian partner Alumina in $2.2bn all-stock deal https://www.miningnews.ir/En/News/628130/Alcoa-to-buy-Australian-partner-Alumina-in-22bn-all-stock-deal Alcoa will buy Alumina in an all-stock deal that values the Australian firm at $2.2 billion, and makes the US company one of the world’s largest producers of alumina and bauxite. fa-IR 2024/03/11 21:07:46 Pilbara Minerals signs offtake agreement with China’s Sichuan Yahua https://www.miningnews.ir/En/News/628129/Pilbara-Minerals-signs-offtake-agreement-with-China’s-Sichuan-Yahua Pilbara Minerals said on Tuesday it has signed an agreement with Sichuan Yahua Industrial Group for the supply of spodumene concentrate from the lithium miner’s Pilgangoora operation in Western Australia. fa-IR 2024/03/11 21:06:12 US, Canada, Indigenous groups to collaborate on reducing river pollution from BC coal mines https://www.miningnews.ir/En/News/628128/US-Canada-Indigenous-groups-to-collaborate-on-reducing-river-pollution-from-BC-coal-mines The United States and Canada announced Monday they have agreed to cooperate to reduce and mitigate the impacts of water pollution from coal mines originating in British Columbia’s Elk-Kootenay watershed. fa-IR 2024/03/11 21:04:38